Visteon lowers 2008 outlook, sets no 2009 forecast

Newswire

DETROIT, Oct 30 (Reuters) - Visteon Corp reduced its 2008 sales forecast by $600 million to $9.4 billion on Thursday and said it was not in a position to provide a 2009 financial outlook due to "continued uncertainty" in the auto industry.
The auto parts maker said it expects to complete its plan to cut 800 salaried jobs by the first quarter of 2009, which it estimates will cause charges of up to $60 million.
Visteon said on a conference call with analysts that the headcount reductions ...

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